Question: cipu Answer Question 20 (1 point) You would like to save $2000 for a trip at the end of your degree in three years. You

cipu Answer Question 20 (1 point) You would like to save $2000 for a trip at the end of your degree in three years. You deposit $1,500 today and will make a another deposit in 18 months. How much should you deposit so that you will have 2000 in three years if you will earn 3% simple. Use three years as your focal date. Your Answer: Answer Question 21 (1 point) You purchase a piece of land on Hornby Island with a cash price of $200,000. You agree to make two payments the first payment in 6 months will be twice as large as the second payment in 2 years. What is the size of the payment made in 6 months if the interest rate is 6% simple? (use 2 years as your focal date)

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